Financial results Total earnings (diluted) 1 year Dec 2014 Dec 2015 change Rm Rm Core headline earnings 1 852 1 679 (9)% Amortisation of intangibles (330) (373) Fair value gains (73) 265 Basis changes and investment variances (25) (68) Other adjustments (61) (74) Headline earnings 1 363 1 429 5% Other adjustments – Sale of subsidiary (3) 115 Diluted earnings 1 360 1 544 14% Solid increase in diluted earnings

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